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Italy Democrats weigh election alliances, Letta tells Repubblica

  Bloomberg Italy’s Democrats are weighing possible alliances for the country’s national elections in September and will decide in the coming days and weeks on the makeup of any new coalitions, party leader Enrico Letta said in an interview with la Repubblica published Sunday. Opinion polls show the Democrats, or PD, running a close second to the right-wing Brothers of ...

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UK banks see suspicious reports triple since invasion of Ukraine

  Bloomberg The National Crime Agency (NCA) has seen a surge in so-called suspicious activity reports filed by banks and other regulated institutions in the UK since February. The NCA, Britain’s equivalent of the FBI, gave an update on the figures for the first time. The notices, which detail concerns around sanctions breaches as well as money laundering and terrorist ...

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BNP Paribas prime brokerage boss Wilson leaves for rival UBS

  Bloomberg The head of BNP Paribas SA’s business catering to hedge-fund clients has left for UBS Group AG, a blow for the French bank as it attempts to build out the division. Ashley Wilson, head of prime finance at BNP Paribas, will become head of financing at Zurich-based UBS’ global markets division, according to people familiar with the matter. ...

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